‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInHolmes Prosecutors Say Texts Show Theranos Beset With Problems – Bloomberg
Prosecutors say Holmes’ and Balwani’s messages about the approval process will offer jurors a look back in time, revealing their intent to deceive investors -– an element the government must prove to win convictions. The messages were collected by securities regulators in a related civil case — though many remain sealed in court filings. “The […]
Theranos founder Elizabeth Holmes to undergo psychological evaluation – NZ Herald
In December last year, Holmes’ lawyers informed the court they intended to argue a case of mental impairment, with plans to cite “expert evidence relating to a mental disease or defect or any other mental condition”. The expert they wanted to bring to court was named in court documents obtained by Ars Technica as California […]
Mental state of Elizabeth Holmes at issue in Theranos fraud case
Lawyers for one-time Silicon Valley wunderkind Elizabeth Holmes at her trial may pursue a “mental disease” defense against charges that she misled patients and investors about the capabilities of her company Theranos’ blood tests. The potential defense was disclosed in a ruling late Wednesday by U.S. District Judge Edward Davila in San Jose, who ordered […]
Elizabeth Holmes Trial Likely Postponed Until October Due to COVID-19 | The Recorder
A federal judge said he would like to push back the criminal fraud trial against Theranos’ Elizabeth Holmes until October amid public health concerns over COVID-19. via Elizabeth Holmes Trial Likely Postponed Until October Due to COVID-19 | The Recorder.
Elizabeth Holmes Phones In Her Defense After Civil Lawyers Quit
Unable to pay her lawyers in an Arizona fraud lawsuit, Elizabeth Holmes is defending herself by … phone. The former chief executive of Theranos Inc., who lives in California, appears regularly in San Jose federal court with a team of high-caliber lawyers as her criminal case over the blood-testing startup’s implosion moves toward a trial […]
Judge to Let Cooley Bow Out of Representing Elizabeth Holmes in Theranos Civil Case | The Recorder
A federal judge overseeing civil litigation against blood-testing company Theranos has indicated he will let lawyers at Cooley who have been representing former CEO Elizabeth Holmes withdraw from the case. In a motion filed on Sept. 30, Cooley chairman Stephen Neal, Palo Alto partner-in-charge John Dwyer and associate Jeffrey Lombard asked to bow out of […]
In Theranos Civil Case, Cooley Says Elizabeth Holmes Has Growing Unpaid Legal Bill | The Recorder
Cooley chairman Stephen Neal, Palo Alto partner-in-charge John Dwyer and associate Jeffrey Lombard filed the motion on Sept. 30 in U.S. District Court in Phoenix, claiming that “Ms. Holmes has not paid Cooley for any of its work as her counsel of record in this action for more than a year. “Further, given Ms. Holmes’s […]
Holmes attorneys blast prosecution over government documents in Theranos hearing
Holmes and Balwani argue documents from U.S. agencies including the Food and Drug Administration and the Centers for Medicare and Medicaid Services are crucial in rebutting charges that they knew Theranos blood tests were inaccurate and misrepresented capabilities to investors, doctors and patients. Defense attorneys pressed U.S. District Judge Edward Davila to get the government […]
What’s Next for Elizabeth Holmes in the Theranos Fraud Case? – The New York Times
If Ms. Holmes and Mr. Balwani do not plead guilty, the question at a trial will be whether the two defendants were brazen liars, as the government will argue, or whether they were just as deluded as everyone else by Ms. Holmes’s vision of disrupting the health care industry. via What’s Next for Elizabeth Holmes […]
How One Company Scammed Silicon Valley. And How It Got Caught. – The New York Times
The heart of the problem, Carreyrou writes, was that “Holmes and her company overpromised and then cut corners when they couldn’t deliver.” To hide those shortcuts, they lied. Theranos invented revenue estimates “from whole cloth.” It boasted of mysterious contracts with pharmaceutical companies that never seemed to be available for viewing. It spread the story […]